Posts Tagged ‘Donington Ventures Leisure Limited’
A glimpse of the behind-the-scenes battle for control of Donington Park that took place in the final weeks of 2009 has emerged from the release of the administrators’ report into the fall of its leaseholders.
20 Jan 2010: Revealed: How Donington’s F1 plans collapsed
A fuller version of the story behind the failed bid to turn Donington Park into a Formula One venue has been revealed courtesy of the administrators winding up its former leaseholders’ company.
The finance and development experts brought in to help give credibility to Simon Gillett’s Donington F1 dream were among those burned when the plans collapsed, the report into its administration has revealed.
Donington Park is set to be handed back to the Wheatcroft family after no buyer could be found who was prepared to take it on in its present state.
Wanted: people of vision to keep the dream of Formula One at Donington Park alive and bring a race to the ailing circuit in 2011. That’s the appeal made today by Donington Ventures Leisure Ltd administrator Nigel Price
28 Jun 2009: Donington Park planning permission is signed off
Donington Park has finalised its planning permission after the process was thrown into doubt following a legal challenge for unpaid rent by the circuit owners.
6 May 2009: F1: Planners refuse to sink British GP
Planners have given Donington Park two months to collect the necessary signatures to finalise its planning permission for F1-standard upgrades after deciding they could not pre-judge the outcome of a court case.
Here’s some further reading for those of you following the fate of the 2010 British Grand Prix – things have really been kicking off today under cover of the McLaren penalty. Is Bernie really now the race promoter…?
The banks working with Donington Park’s promoter to fund essential upgrades in time for the 2010 British Grand Prix have reportedly “pulled back” – according to none other than Formula One promoter Bernie Ecclestone.